My firm is holding a pool, as we usually do when the jackpot gets pretty high. I participate just because there’s no way I want to miss the opportunity of being part of a law firm winning the Powerball. I’m thinking the public response would be delicious.

Shyster wrote:My firm is holding a pool, as we usually do when the jackpot gets pretty high. I participate just because there’s no way I want to miss the opportunity of being part of a law firm winning the Powerball. I’m thinking the public response would be delicious.

I dont care for the notion of "getting in a pool". I figure whether you buy 1 ticket or 100 you roughly have the same odds.

Shyster wrote:My firm is holding a pool, as we usually do when the jackpot gets pretty high. I participate just because there’s no way I want to miss the opportunity of being part of a law firm winning the Powerball. I’m thinking the public response would be delicious.

I dont care for the notion of "getting in a pool". I figure whether you buy 1 ticket or 100 you roughly have the same odds.

you have better odds with 100 tickets. each ticket however has the same odds of winning.

Shyster wrote:My firm is holding a pool, as we usually do when the jackpot gets pretty high. I participate just because there’s no way I want to miss the opportunity of being part of a law firm winning the Powerball. I’m thinking the public response would be delicious.

I dont care for the notion of "getting in a pool". I figure whether you buy 1 ticket or 100 you roughly have the same odds.

Shyster wrote:My firm is holding a pool, as we usually do when the jackpot gets pretty high. I participate just because there’s no way I want to miss the opportunity of being part of a law firm winning the Powerball. I’m thinking the public response would be delicious.

I dont care for the notion of "getting in a pool". I figure whether you buy 1 ticket or 100 you roughly have the same odds.

you have better odds with 100 tickets. each ticket however has the same odds of winning.

Obviously. However, my I feel satsified with spending 1 one dollar for a one in 600 million chance as opposed to a 100 dollars for a 100 in 600 million chance...

I would say I'm able to rationalize a dollar and not 100, but either way its not a rational decision

Instead of looking at it like that, look at it this way. Your odds of winning the Powerball are roughly 1 in 175 million. If you are in a pool that buys 100 tickets, your odds increase roughly to 1 in 1.75 million. That is an extremely significant difference.

I still think it's a sucker bet, but the difference in odds isn't negligible.